Projects. In one place. · 6/14/2019 · PROJECT ANNOUNCEMENTS BOOKLET PROJECT ANNOUNCEMENTS BOOKLET Dear Friends, For the very first time, this year’s Africa Energy Forum (aef)

11 - 14 JUNE 2019 • LISBON

Projects. In one place.

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Africa

Forum Sponsor

PROJECT ANNOUNCEMENTS BOOKLET

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PROJECT ANNOUNCEMENTS BOOKLET PROJECT ANNOUNCEMENTS BOOKLET

Dear Friends,

For the very first time, this year’s Africa Energy Forum (aef) is delighted to provide a platform to recognise power projects which reached Financial Close or Commercial Operation in the last 18 months.

The initiative celebrates over 90 projects within the aef community and celebrates more than 200 project leaders and partners. We would like to say a massive congratulations to the aef community on their project successes and a massive thank you to everyone who contributed to sharing their project information for the booklet.

Such a response demonstrates the continued momentum of Africa’s energy sector, with many additional projects not even listed. We commend your ongoing dedication to ensuing a brighter future for Africa.

Kind regards,

EDITED BYFIONA GLEESONMARKETING MANAGER: AFRICA PORTFOLIOENERGYNET

Investec Bank - Kathu Solar Park

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Africa’s Year of Light

OVER 1600MW

EAST AFRICA

OVER 2000MW

WEST AFRICA

OVER 7400MW

NORTHERN AFRICA

OVER 3200MW

SOUTHERN AFRICA

OVER 1500MW

CENTRAL AFRICA

CEB Green Energy - Henrietta 2MWp Solar Farm


ContentsAFRICA’S YEAR OF LIGHT ..............................................................................5

STATISTICS FROM THE LAST 18 MONTHS ....................................................6

CONGRATULATIONS TO ALL PROJECT LEADERS AND PARTNERS ..............8

PROJECT DIRECTORY ..................................................................................14

West Africa ..............................................................................................14

Southern Africa ........................................................................................28

East Africa ................................................................................................45

North Africa .............................................................................................64

Central Africa ...........................................................................................69

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IFC - Bangweulu Solar PV (Scaling Solar Zambia)

Statistics from the last 18 months

SAFI POWER PLANT

MOROCCO$2,400,000,000

Project Partners: ENGIE, Nareva,

Mitsui

Southern Africa .......39%East Africa ...............32%West Africa .............18%Northern Africa ......... 7%Central Africa ............ 4%

Project Breakdown:Largest project

investment:33 PROJECT MILESTONES

FROM POWER AFRICA PARTNERS

Fuel type capacity:

46% Solar

20% Wind

15% Hydro

14% Oil & Gas

2% Biomass

2% Coal

1% Nuclear


43% of the projects have reached commercial operations

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CONGRATULATIONS TO ALL PROJECT LEADERS AND PARTNERS CONGRATULATIONS TO ALL PROJECT LEADERS AND PARTNERS

• A&O• ABB• ABSA• Acciona Energia• Actis• AFC• AfDB• Africa50• African Development Bank• African Infrastructure Investment Fund• African Infrastructure Investment

Managers (AIIM)• AFXBG GROUP• Aga Khan Fund Group• Agence Française de Développement• Airports Company of South Africa• AKFED• Akuo Energy• Al Bilal Group• Al Tawakol Group• Albatros Energy Mali

• Alcazar Energy Partners• Aldwych International• Alfa Laval• Allweiler• Alston• Altaaqa Global Energy Services• Alten Africa• Alten Renewable Energy• Amaya Capital• Anglo Belgian Corporation (ABC)• Arab Bank• ARC Power Ltd• ARIF• ARM• Asian Infrastructure Investment Bank• ASN• ATI• Attijariwafa• Banque Atlantique• Banque Ouest Africaine de Development

(West African Development Bank)

• BBOXX Capital Limited• Benzel & Partners Investments (Pty) Ltd• Biotherm Energy• Bluemoon Incubator Program• BNDA• BNP Paribas• BOAD• BPE Partners• BTSA Netherlands Coöperatie U.A• Buffalo Energy Ltd• Building Energy• Burmeister & Wain Scandinavian

Contractor• Camco Clean Energy• Canadian Solar• CDC Group• CEB (GREEN ENERGY) CO LTD• Central Electricity Board• China Machinery Engineering Corporation• Chint Electric• CIGENCO SA

• CMEC• Coca Cola Beverages South Africa (Pty)

Ltd• Consolidated Power Projects (CONCO)• Corexsolar• Covington & Burling LLP• Craftskills Wind Energy International• DEG• Denham Capital• Desert Technologies• EAIF• East Africa Development Bank• EBM CIE• Efoyta Biomass Pellet• Eiffage• EKF• Ekurhuleni Metropolitan Municpality• Electricidade de Mocambique (“EdM”)• ElectriFI• Emerging Power Uganda Limited (EPU)• Endeavor Energy

Actis - Kipeto CEB Green Energy - Henrietta 2MWp Solar Farm



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• Enel Green Power• Energy Boys Uganda Ltd• ENGIE• ENI Tunisia• Enviromental Protection Agency• ET Solutions 1 South Africa• Europe Arab Bank• Fasken• Fieldstone Africa• Finance in Motion/Green for Growth Fund• Finnfund• FIRST CITY MONUMENT BANK LIMITED• First Place Investments• First Rand Bank• First Solar• FMO• G7 Renewable Energies (Pty) Ltd• GDF Suez Energy International Global

Developments• GE Capital• General Electric

• Genser• GEPF Renewables• GoldWind• Greenam Electricity (Pty) Ltd.• GuarantCo.• H1 Holdings• Hassan Allam• Hogan Lovells• Honeywell• Ib Voght• ICCF• ICF DEBT POOL• IDC Zambia• IFU• Industrial and Commercial Bank of China• Industrial Promotion Services (Kenya) Ltd• Infinity Solar• Infraco Africa• International Finance Corporation• Investec Bank Limited• IPS Kenya

• Jabil Energy • JCM Power• Jinko Solar• Jubilee Holdings• JUNKO Solar• Karpowership• Kathu LCT Trust• KFW IPEX BANK• Khana• KMRI LLC• Kolektor Turboinštitut (EMEC Works)• KP&P Africa B.V• Lereko Metier REIPPP Fund trust• Local Community Trust• MAN Energy• Mangrove• Mariner Investment Group• Matswani Capital• MelecPowerGen (MPG)• Metier Sustainable Capital• METKA


• MicroGen Renewables• Millennium Challenge Corporation• Ministério da energia• Ministry of Water and Energy of Ethiopia • Mitsui• Mulilo Energy Partners• Multiconsult• Multiconsult UK Ltd• NamPower• Nareva• National Water and Electricity Company

Ltd. (NAWEC)• Nedbank• Neo Themis• Neoen• Nile Capital • Norfund• Norton Rose Fulbright• Oesterreichische Entwicklungsbank• OFID• OKA Investments (Pty) Ltd

Greenam - Kokerboom Solar PV Plant Multiconsult - Mount Coffee Hydropower Project



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• Old Mutual• OPEC Fund for International

Development• OPIC• PAS Solar Limited• PGE• Phoenix Energy• PIDG• Power Africa• PSW Consulting Engineers• Public Investment Corporation (PIC)• Redox Power Solutions• Reneswys Solar• Renewable Energy Performance Platform

(managed by Camco Clean Energy)• Request Renewables• Romano Solar• Rural Electrification Agency of Nigeria

(REA)• Rural Electrification Agency Uganda

• Sage• Sandpiper• Sasol of South Africa• Scatec Solar ASA• Schneider• SECI-Enerray• Shapoorji Pallonji Group• Shearman & Sterling LLP• Siemens• Sinohydro Corporation• Sishen Iron Ore Company Community

Development Trust (SIOC CDT)• Sithe Global Power • SMA inverter• SN Power• Societe Commerciale de Banque

Cameroon• Société Générale• Société Nationale d’Électricité and

Glencore

• Solar Turbines• Solareff• Standard Bank• Standard Chartered Bank• Sterling and Wilson• STOA• Sumitomo Corp• SWEDFUND• Swicorp• Symbiotics• Talyeni Investments• TAQA Arabia• TBEA SunOasis• Tech PD• The Biodiversity Consultancy• The Emerging Africa Infrastructure Fund• The European Investment Bank (EIB)• The French Agence Française de

Développement (AFD)• The Infrastructure Fund for Africa

• The Islamic Development Bank for the Development of the Private Sector

• The Mergence Namibia Infrastructure Trust

• Thebe Renewable Energy Holdings• Thirdway Investment Partners • Total Ventures• Trade and Development Bank• Transnet Retirement Fund• TRYBA ENERGY• Uganda Electricity Transmission Company

Limited (UETCL)• Union investment company• Vantage Capital• Vergnet• Vestas• Vestas Wind Systems• Worley Parsons• ZESCO Ltd• ZRW Mechanika

Scatec Solar ASA - Mocuba The Emerging Africa Infrastructure Fund - Akuo Kita Solar



PROJECT DIRECTORY PROJECT DIRECTORY

PROJECT NAME: AKUO KITA SOLAR Project submitted by: The Emerging Africa Infrastructure Fund and FMO Country: Mali Capacity: 50MW Fuel type: Solar Total project cost: €78 million Project partners: Akuo Energy PIDG companies, The Emerging Africa Infrastructure Fund and GuarantCo. Banque Ouest Africaine de Development (West African Development Bank) FMO, Banque Nationale de Development Agricole *EAIF and Banque Ouest Africaine de Development were co-arrangersFinancial close date: 17 October 2018 Commercial operations date: Expected mid-2019 Notables: Akuo Kita is PIDG’s second project in Mali. EAIF arranged a total debt package of €54 million. EAIF itself provided an €18 million senior loan over 15 years and an additional €8 million mezzanine debt element. GuarantCo supplied a €2.3 million Debt Service Reserve Account guarantee. Akuo Kita is one of the largest solar projects in West Africa. It will provide power to the equivalent of 91,000 homes, delivering real progress in a fragile country where 36% live below the poverty line.

PROJECT NAME: ALBATROS ENERGY MALI Project submitted by: African Infrastructure Investment Managers and Albatros Energy Mali Country: Mali Capacity: 90MW Fuel type: Heavy Fuel Oil Total project cost: $140 Million Project partners: African Infrastructure Investment Managers, Redox Power Solutions, African Infrastructure Investment Fund 3, Burmeister & Wain Scandinavian Contractor, Investment Fund for Developing Countries (Denmark), West African Development Bank, The Islamic Development Bank, The Islamic Corporation for the Development of the Private Sector, OPEC Fund for International Development, GuarantCo and Emerging Africa Infrastructure Fund Financial close date: 12 June 2018 Commercial operations date: 1 November 2019 Notables: Albatros power station is a 90 megawatt (MW) heavy fuel oil (HFO) thermal power station located in western Mali (Kayes), and is Mali’s first independent power producer (IPP’s) to feed into the national grid. Mali is among the world’s 25 poorest countries and only 25.6%

of its 17.6 million people have access to electricity, with this level falling to 15% in rural areas. This significant thermal power project has added at least 25% to the base-load potential of Mali, created enough power for an estimated 780,000 households and has broken ground for other foreign investments to follow after Mali’s difficult political period. Albatros adopted a proactive approach to social impact, prior to construction, engaging Hawa Dembaya local community (10,000 people) via a representative forum chaired by the mayor, to understand community needs and required initiatives. Albatros strives to improve living standards and create opportunities in an underserved region. Albatros’ four CSR pillars are: Healthcare, Water & Sanitation, Education & Training, and Economic Development. Projects include upgrading a local dispensary, creating a maternity facility, provision of a 4x4 ambulance, creating a water master plan, installing new boreholes and rehabilitating old boreholes, water testing and training.

WEST AFRICA WEST AFRICA

African Infrastructure Investment Managers (AIIM) - BBOXX



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PROJECT NAME: AZURA POWER WEST-AFRICA Project submitted by: FMO Capacity: 459MW Fuel type: Gas Total project cost: $877 million Project partners: FMO, Amaya Capital, Aldwych, AIIM, ARM, CDC, DEG, ICF DEBT POOL. IFC, FMO, Proparco, SWEDFUND, OPIC, EAIF, Firstrand Bank Limited, Siemens Bank, Standard Bank, Standard Chartered Bank,, KFW IPEX Bank, First City Monument Bank Limited. Commercial operations date: 1 May 2018

PROJECT NAME: BRIDGE POWER LPG PROJECT Project submitted by: METKA Country: Ghana Capacity: 200MW Fuel type: LPG/Natural Gas/Diesel Total project cost: $953 Million Project partners: METKA, Early Power Limited Consortium (Endeavor Energy, Sage & General Electric)Financial close date: 13 December 2018 Notables: The scope of the project includes the engineering, procurement, construction and commissioning of a 200 MW power project in combined cycle (CCGT) configuration, located in Tema, 16 miles east of Accra. The plant will be capable of being fueled by LPG or Natural Gas or Diesel. The scope also includes extensive infrastructure works for LPG transportation from the nearby Tema refinery and the Tema port as well as LPG storage facilities of 13.600m3. ”We are delighted to have worked with Endeavor to realise the first stage of the 400MW multi-fuel combined cycle Bridge Power project in Ghana and to implement an innovative structure of supplier credits to enable full construction of the Project while the sponsors finalize arrangements for permanent financing. This is the third project in Ghana for METKA, the EPC Business Unit of MYTILINEOS and demonstrates our continued commitment to deliver to all citizens a future with energy autonomy, always based on the latest technological developments and international best practice. We are proud that we are able to provide sustainable energy solutions worldwide and especially in Sub-Saharan Africa where the needs are so great. (Panagiotis Gardelinos, General Manager of METKA, Business Unit of MYTILINEOS S.A.).

PROJECT NAME: CENPOWER Project submitted by: FMO Country: Ghana Capacity: 325MW Fuel type: Gas Total project cost: $1.06 billion Project partners: AFC, FMO, Sumitomo Corp. AIIM, Local shareholders. First Rand Bank, Nedbank, Standard Bank, FMO, DEG, IDC, OFID, EAIF, DBSA. Commercial operations date: Expected early June 2019.



METKA - Bridge Power LPG Project

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PROJECT NAME: ENERGIZING EDUCATION PROGRAMME Project submitted by: METKA Country: Nigeria Capacity: 9MWp-13MWh-7,5MW Fuel type: Hybrid Total project cost: $38.7 million Project partners: METKA (MYTILINEOS S.A.), Rural Electrification Agency of Nigeria (REA) Financial close date: November 2017 Commercial operations date: expected end 2019 Notables: The Energizing Education Programme (EEP) is a rural electrification initiative by the Federal Government of Nigeria for the development of IPPs for the generation and provision of uninterrupted power supply to 37 universities and 7 teaching hospitals in the country. Phase I is under execution, and METKA Power West Africa is the EPC contractor for 4 universities across the country. More than 9.3 MWp of solar panels & 5,760 battery cells will be installed, making the universities 100% autonomous from the grid (off-grid). The systems will utilize solar PV Panels and battery storage as the primary power sources, with DG used for back-up purposes. Apart from the power generation scope, the provision of street lighting within the campuses for safe, secure and productive learning environments and a training center for the students of each university will be part of the project’s scope. According to the Rural Electrification Agency (REA) of Nigeria, the projected impact of the project in various socio-economic areas will be huge. More specifically: More than 120,000 students & 28,000 staff will have access to uninterrupted power and 156 access roads and 2,850 street lights will be illuminated.

PROJECT NAME: GENSER POWER Project submitted by: Solar Turbines Country: Ghana Capacity: 25MW Fuel type: Natural gas Total project cost: $12 million Project partners: Solar Turbines Financial close date: February 2018 Commercial operations date: 1 February 2018

PROJECT DIRECTORY

METKA - Energizing Education Programme


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PROJECT DIRECTORY



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PROJECT NAME: PEG AFRICA Project submitted by: Camco Clean Energy Country: Ghana, Cote d’Ivoire, Senegal Capacity: 4.3MW Fuel type: Solar Total project cost: $25 million Project partners: Camco Clean Energy, PEG Africa Ltd, Renewable Energy Performance Platform (managed by Camco Clean Energy), Total Ventures and others Financial close date: 9 October 2018 Commercial operations date: 9 November 2018

Notables: A solar home system company that provides rural communities with credit to purchase solar systems is looking to double its reach after securing an additional US$25m funding. PEG Africa’s innovative financing arrangement has so far reached 60,000 homes and businesses in Ghana, Cote d’Ivoire and Senegal. Now the Ghana-based company is on track to install a further 60,000 systems, and open a fourth market following a successful Series C funding round. During the round, the Renewable Energy Performance Platform (REPP) - which is managed by Camco Clean Energy - provided US$1.1m in equity financing. This was matched by Total Ventures, the venture capital arm of the global integrated energy company , with further commitments from existing shareholders. The remaining US$20 million has been provided in the form of debt. Scaling up PEG’s operations is expected to provide a raft of economic, environmental and health benefits for the region’s rural communities, where off-grid households currently spend up to US$20 per month on kerosene, candles, batteries and phone charging. Through the asset-based financing scheme, PEG’s customers – who lack formal banking services – make small incremental repayments via their mobile phones to acquire, use and finally own the solar device.

PROJECT NAME: POWERING GAMBIA Project submitted by: Karpowership Country: The Gambia Capacity: 36 MW Fuel type: HFO Total project cost: amend to Approximately $60 million Project partners: Karpowership, Government Partner: National Water and Electricity Company Ltd., (NAWEC), MAN, Siemens, ABB, Schneider, Honeywell, Alfa Laval, Allweiler Financial close date: 24 May 2018 Commercial operations date: 2 May 2018 Notables: Most reliable generation source in the country with 95% Availability. Dual Fuel engines that can operate with NG/LNG/HFO. Most competitive all-in cost of electricity providing 60% of electricity of The Gambia Powership has black start and island mode capability.


Camco Clean Energy - PEG Africa




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PROJECT NAME: SHS BBOXX NIGERIA Project submitted by: Camco Clean Energy Country: Nigeria Capacity: 1.75MW Fuel type: Solar Total project cost: $14.3 million Project partners: Camco Clean Energy, PAS Solar Limited Renewable Energy Performance Platform (managed by Camco Clean Energy) ElectriFI Financial close date: 4 April 2019 (for the syndicated loan facility) Notables: PAS Solar Limited, through its subsidiary, PAS BBOXX, is an ongoing solar home systems (SHS) venture delivering clean energy to isolated communities in northern Nigeria. To date, developer PAS Solar has installed over 3,500 SHS for households and microenterprises, with early-stage funding assistance from the Renewable Energy Performance Platform (REPP), managed by Camco Clean Energy. Using technology developed by BBOXX the units are providing LED lighting and clean power to an estimated 17,500 people. Now, thanks to a $10m syndicated loan facility co-financed by REPP and ElectriFI, the company is looking to increase the number of installations to at least 35,000. This will bring the total number of people with first-time access to clean electricity through the project to over 150,000. The $10m, 5-year syndicated loan facility was approved in April 2019 and will enable PAS Solar’s expansion plans by crowding-in additional senior lenders. It was designed by REPP and implemented through Camco Clean Energy, as arranger. So far, REPP has committed $2.2m to the syndication, and a further $3m has been committed by ElectriFI. The remaining $4.8m of the syndication is available to lenders as an accordion facility.

PROJECT NAME: SINGROBO HYDROPOWER PROJECTProject submitted by: Neo Themis, Denham Capital and Hogan Lovells Country: Singrobo, Cote d’Ivoire Capacity: 44MW Fuel type: Hydro Total project cost: $225 million Project partners: Hogan Lovells, Themis, AFC, IHE Holding Financial close date: March 2019 Notables: Hogan Lovells has been advising Themis Advisory with regards to the construction and the operation of a 44MW hydro power plant in Côte d’Ivoire from the development to the financial closing including the negotiation of the project documents. The project is based at Singrobo-Ahouaty on the Bandama River near the villages of Singrobo and Ahouaty in Côte d’Ivoire. The plant will consist of two main turbines (both using 22MW vertical Kaplan turbines) and they are expected to create 213GWh/yr. The project is owned by the AFC, developer Themis and developer IHE Holding. French civil engineering construction company Eiffage will build the project. The project made use of a bridging loan (supplied by the AFC) to help to speed up development of the project. This concept has been devised to fast track construction while final credit approvals are secured by long term lenders. It is thought that the use of this technique could reduce the time required for the development/construction phase. Hogan Lovells continued support on this project will enable much needed capacity to be supplied into the power system in Côte d’Ivoire.



Neo Themis and Denham Capital - Singrobo-Ahouaty Hydropower ProjectCamco Clean Energy - SHS BBOXX Nigeria



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PROJECT NAME: TAIBA N’DIAYE WIND FARM Project submitted by: Power Africa Country: Senegal Capacity: 158.7MW Fuel type: wind Total project cost: $377 millionProject partners: Power Africa, Vestas, Lekela Power, Actis (UK), Mainstream Renewable Power (Ireland), OPIC, US Africa Clean Energy Financing Facility and World Bank. Financial close date: 30 July 2018 Commercial operations date: 31 July 2019 Notables: Power Africa supported the Taiba N’diaye transaction, which is the first wind project in Senegal, for three years with assistance on financing, insurance, negotiation, and land rights issues to the developer. Taiba N’Diaye, will consist of 46 Vestas wind turbines, each able to produce 3.45 MW under a full Engineering Procurement and Construction contract. Lekela Power and Actis (UK) and a consortium led by Mainstream Renewable Power (Ireland), acquired co-development rights and sole invest rights in the project. Overseas Private Investment Corporation provided both financing and insurance to the project, as well as a grant through the US Africa Clean Energy Financing Facility. The World Bank’s Multilateral Investment Guarantee Agency provided political risk insurance.

PROJECT NAME: TE POWER Project submitted by: Denham Capital, Endeavor Energy, CDC Group and Power Africa Country: Guinea Capacity: 52MW Fuel type: HFO Total project cost: $121 million Project partners: Endeavour Energy, CDC and OPIC Financial close date: 27 March 2018 Notables: CDC invested USD 39m senior debt to fund the construction of Te Power, a 52MW HFO Plant in Conakry, Guinea. The project sponsor is Endeavour Energy. OPIC is the lender alongside CDC. Te Power is the first DFI-financed IPP in Guinea. As such, it will provide much needed baseload power, reducing power cuts whilst large hydropower plants are being built, and have a demonstration effect for the sector/country.

PROJECT NAME: TOBENE PHASE II Project submitted by: IFC Country: Senegal Capacity: 45MW Fuel type: HFO Total project cost: $35 million Project partners: MelecPowerGen (MPG), IFC, FMO, Emerging Africa Infrastructure FundFinancial close date: August 2017 Commercial operations date: January 2017 Notables: Tobene Phase II is the expansion of an existing plant close to Dakar, Senegal. Following the success of its first phase, the parties agreed to increase the contractual guaranteed capacity under the PPA from 70MW to 105 MW during most of the year and to 115 MW at peak hours/peak season. The expansion was completed on time and within budget. The expansion was made available at a crucial time when delays on other projects had forced Senegal to rent emergency diesel at an exorbitant cost. The plant allowed substantial savings and demonstrates the importance of supporting thermal plants in countries without base load alternatives. The expansion’s firm power will be key to balance the intermittency of renewable projects. Furthermore, its ability to run on gas, combined with the large offshore gas discoveries, will help Senegal transition to a low carbon energy mix.

IFC - Tobene Phase II





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PROJECT NAME: AGGENEYS SOLAR Project submitted by: Power Africa and Denham Capital Country: South Africa Capacity: 40MW Fuel type: Solar Project partners: Power Africa, Biotherm Energy, South Africa Independent Power Producer Office, ET Solutions 1 South Africa (Pty) Ltd, Canadian Solar, BTSA Netherlands Coöperatie U.A, Thebe Renewable Energy Holdings, Local Community Trust, Nedbank Limited, Vantage Capital and Thirdway Investment PartnersTotal project cost: $76 million Financial close date: 30 June 2018 Commercial operations date: 30 June 2019 Notables: Biotherm Energy, a Power Africa Partner developed this 40 MW solar PV power plant. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa. The site receives an annual GHI of approximately 2328 kWh/m2/year. The project shall utilise Canadian Solar 325W modules and single axis tracking technology. The project will have a contracted capacity of 40 MW and connect to the Eskom.

PROJECT NAME: ALTEN SOLAR POWER HARDAP Project submitted by: Alten Renewable Energy Country: Namibia Capacity: 45.45MW Fuel type: Solar Energy Total project cost: $69 million Project partners: Alten Africa, NamPower, Mangrove, Talyeni Investments, First Place Investments, Standard Bank and Proparco.Financial close date: March 2018Commercial operations date: 15 November 2018Notables: The project was awarded to Alten after a long tender process, and as the awarded bidder, Alten’s role as an IPP has been to manage the development, construction and operation of the 45.45 MW photovoltaic power plant with a surface area of 100 Ha, as well as to secure

the financing of the project, most of which has been provided by South Africa’s Standard Bank and PROPARCO. The plant is located in the region of Hardap, in the municipality of Mariental in the south of the country, 230 km from the capital city, Windhoek.

SOUTHERN AFRICA SOUTHERN AFRICA

PROJECT NAME: BOKAMOSO SOLAR PARK Project submitted by: Power Africa Country: South Africa Capacity: 67.9MW Fuel type: SolarProject partners: Power Africa, Nedbank and South Africa Independent Power Producer OfficeFinancial close date: 31 July 2018Commercial operations date: 30 November 2020Notables: This 67.9MW project was financed partly by Nedbank, a Power Africa partner. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

Alten Renewable Energy - Alten Solar Power Hardap



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PROJECT NAME: COPPERTON WIND FARM Project submitted by: Power Africa Country: South Africa Capacity: 102MWFuel type: Wind Project partners: Power Africa, Standard Bank and South Africa Independent Power Producer Office Financial close date: 20 August 2018 Commercial operations date: 30 June 2020 Notables: This 102MW project was financed partly by Standard Bank, a Power Africa partner. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa. Turbines for the project will be provided by Power Africa partner Vestas.

PROJECT NAME: DE WILDT SOLAR PARK Project submitted by: Power Africa Country: South Africa Capacity: 50MW Fuel type: SolarProject partners: Power Africa, NedBank, Barclays Bank and South Africa Independent Power Producer Office Financial close date: 31 July 2018 Commercial operations date: 20 November 2020 Notables: This 50MW project was financed partly by Nedbank and Barclays Bank, both Power Africa partners. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT NAME: DROOGFONTEIN 2 SOLAR PARK Project submitted by: Power Africa Country: South Africa Capacity: 75MW Fuel type: Solar Project partners: Power Africa, NedBank, Barclays Bank and South Africa Independent Power Producer Office Financial close date: 2 June 2018 Commercial operations date: 31 June 2020 Notables: This 75MW project was financed partly by Nedbank and Barclays Bank, both Power Africa partners. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT NAME: DYASON’S KLIP 1 Project submitted by: Power Africa Country: South Africa Capacity: 75MW Fuel type: Solar Project partners: Power Africa, Scatec Solar, Norfund, Standard Bank and South Africa Independent Power Producer Office Financial close date: 4 November 2018 Commercial operations date: 30 June 2020 Notables: This 75MW project was developed by Scatec Solar, with financing support by Norfund and Standard Bank, all three of which are Power Africa partners. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.





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PROJECT NAME: DYASON’S KLIP 2 Project submitted by: Power Africa Country: South Africa Capacity: 75MW Fuel type: SolarProject partners: Power Africa, Scatec Solar, Norfund, Standard Bank and South Africa Independent Power Producer Office Financial close date: 11 May 2018 Commercial operations date: 30 June 2021 Notables: This 75MW project was developed by Scatec Solar, with financing support by Norfund and Standard Bank, all three of which are Power Africa partners. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT NAME: EJUVA ONE AND TWO SOLAR ENERGY Project submitted by: Investec Bank Country: Namibia Capacity: 2 x 5MW Fuel type: Solar PV Total project cost: $17.4 million Project partners: Investec Bank, CIGENCO SA, a wholly owned subsidiary of the JSE listed Consolidated Infrastructure Group (CIG), Benzel & Partners Investments (Pty) Ltd (Ejuva One), OKA Investments (Pty) Ltd (Ejuva Two) and The Mergence Namibia Infrastructure Trust. Financial close date: April 2018 Commercial operations date: October 2017 Notables: Investec provided a bridging loan during construction, guaranteed by the major shareholder. Post COD, the loan was converted to a limited recourse loan and the guarantees were released. This reduced the time and costs of implementing the financing, and will allow Investec to fund the other small power projects in Namibia on a similar basis. Investec was able to bank the transactions through adequate risk allocation and mitigation - Investec secured MIGA cover for political risks and breach of contract by Nampower.

PROJECT NAME: ENEL PORTFOLIO Project submitted by: Enel Green Power Country: South Africa Capacity: 700MW Fuel type: Wind Total project cost: $1.2 billion Project partners: Enel Green Power, Nedbank, ABSA, Norton Rose Fulbright, Fasken, Request Renewables, Khana and PGE.Financial close date: 31 July 2018 Notables: First Portfolio with single borrower financing ever closed in the African renewable energy market. Size: 700 MW for 1 billion USD total project financing, multi-tranches, including Mezzanine, Jibar and CPI linked facilities (among the largest deal in Africa) Largest single borrower transaction since inception of SA REIPPPP Different shareholding structure in each project company and multi contract approach.

PROJECT NAME: EXCELSIOR WIND Project submitted by: Power Africa and Biotherm Energy Country: South Africa Capacity: 31.9MW Fuel type: WindTotal project cost in: $69 millionProject partners: Power Africa, Biotherm Energy and South Africa Independent Power Producer Office Financial close date: 23 July 2018 Commercial operations date: 30 June 2020 Notables: Biotherm Energy, a Power Africa Partner developed this 31.9 MW wind plant. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa. The site receives an annual average wind speed of 7.8 m/s. The project shall utilise 13 x GW121 2.5MW Goldwind horizontal axis turbines. Turbines will have a rotor diameter of 121m and have a hub height of 90m. The project will connect to Eskom’s Vryheid substation at 132 kV and will have a contracted capacity of 31.9 MW.





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PROJECT NAME: GAROB WIND FARM Project submitted by: Power Africa Country: South Africa Capacity: 135.93MW Fuel type: Wind Project partners: Power Africa, Nedbank and South Africa Independent Power Producer Office Financial close date: 31 June 2018 Commercial operations date: 31 June 2018 Notables: This 135.9 MW project was financed partly by Nedbank, a Power Africa partner. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT NAME: GOLDEN VALLEY WIND Project submitted by: Power Africa and Biotherm Energy Country: South Africa Capacity: 117.72MW Fuel type: WindTotal project cost: $223 million Project partners: Power Africa, Biotherm Energy and South Africa Independent Power Producer Office Financial close date: 1 July 2018 Commercial operations date: 30 June 2019 Notables: Biotherm Energy, a Power Africa Partner developed this 117.2 MW wind plant. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa. The site receives an annual average wind speed of between 7.2- 7.6 m/s. The project shall utilise 48 x GW121 2.5MW Goldwind horizontal axis turbines. Turbines will have a rotor diameter of 121m and have a hub height of 90m. The project will connect to Eskom’s Kopleegte substation at 132 kV and will have a contracted capacity of 118 MW.

PROJECT NAME: KAMALLUDDIEN PARKER Project submitted by: ZRW Mechanika Country: South Africa Capacity: 500kWp Fuel type: Solar Total project cost: $1.5 million Project partners: ZRW Mechanika, Ekurhuleni Metropolitan Municpality Financial close date: 15 June 2021 Commercial operations date: 15 June 2018 Notables: Design supply and installation of 5000 units of solar powered 20W 4 led light solar DC kits into informal and peri0urban dwellings and settlements as part of social development program 18 youth jobs created.

PROJECT NAME: KANGNAS WIND FARM Project submitted by: Power Africa Country: South Africa Capacity: 136.7MW Fuel type: Wind Project partners: Power Africa and South Africa Independent Power Producer OfficeFinancial close date: 5 June 2018 Commercial operations date: 30 June 2020 Notables: Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options for this 136.7MW wind farm. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program (REIPPP) projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.



ZRW Mechanika - Kamalluddien Parker



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PROJECT NAME: KARUSA WIND FARM Project submitted by: Power Africa Country: South Africa Capacity: 139.8MW Fuel type: Wind Project partners: Power Africa, Nedbank and South Africa Independent Power Producer Office Financial close date: 31 July 2018 Commercial operations date: 30 June 2020 Notables: This 139.8 MW wind project was financed partly by Nedbank, a Power Africa partner. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT NAME: KATHU SOLAR PARK Project submitted by: Investec Bank and ENGIE Country: South Africa Capacity: 100MW Fuel type: Concentrated solar power Total project cost: $ 871 million Project partners: ENGIE, Public Investment Corporation, SIOC Community Development Trust, Lereko Metier, REIPPP Fund trust, Investec Bank Limited, Kathu LCT Trust.Financial close date: 25 May 2016Commercial operations date: 21 January 2019Notables: Kathu Solar Park is a 100 MW greenfield Concentrated Solar Power project situated in the Northern Cape Province, 600 km South West of the Capital city Pretoria. This large CSP project has parabolic trough technology and is equipped with molten salt storage system that allows 4.5 hours of thermal energy storage and thus limits the intermittent nature of solar energy.

PROJECT NAME: KOKERBOOM SOLAR PV PLANT Project submitted by: Greenam Electricity (Pty) Ltd. Country: Namibia Capacity: 10 MW acFuel type: Solar PV generationTotal project cost: $16 million Project partners: Greenam Electricity (Pty) Ltd., Jabil Energy (EPC) Financial close date: 18 September 2017Commercial operations date: 16 December 2018Notables: Jabil Energy was contracted by Greenam Electricity to provide full wrap Engineering, Procurement & Construction (EPC) & 5 year Operations & Maintenance (O&M) services for the build, operation and maintenance of a 10 MW ac solar PV plant in Keetmanshoop, Namibia. As licensed Independent Power Producer (IPP), Greenam Electricity will feed the power produced into the Namibian grid according to a 25 year Power Purchase Agreement with NamPower.

PROJECT NAME: KONKOONSIES II SOLAR Project submitted by: Power Africa and Biotherm Energy Country: South Africa Capacity: 75MW Fuel type: Solar Total project cost: $141 millionProject partners: Power Africa, Biotherm Energy. Nedbank and South Africa Independent Power Producer Office, ET Solutions 1 South Africa (Pty) Ltd & Canadian Solar, BTSA Netherlands Coöperatie U.A., Thebe Renewable Energy Holdings, Local Community Trust, Nedbank Limited, Vantage Capital and Thirdway Investment Partners Financial close date: 23 July 2018 Commercial operations date: 30 June 2019 Notables: Biotherm Energy, a Power Africa Partner developed this 75MW solar plant. The project was partly financed by Power Africa Partner, Nedbank. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa. The site receives an annual GHI of approximately 2313 kWh/m2/year. The project shall utilise Canadian Solar 325W modules and single axis tracking technology.





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PROJECT NAME: KRUISVALLEI HYDRO Project submitted by: Power Africa Country: South Africa Capacity: 4.7MW Fuel type: Hyrdro Project partners: Power Africa, H1 Holdings and South Africa Independent Power Producer Office Financial close date: 31 July 2018 Commercial operations date: 30 April 2021 Notables: This 4.7MW hydro project was developed by H1 holdings and funded through equity. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT NAME: MARIENTAL SOLAR PV PLANT Project submitted by: Greenam Electricity (Pty) Ltd. Country: Namibia Capacity: 10MW ac Fuel type: Solar PV generation Total project cost: $16m Project partners: Greenam Electricity (Pty) Ltd, Jabil Energy (EPC) Financial close date: 18 September 2017 Commercial operations date: 2 December 2018 Notables: Jabil Energy was contracted by Greenam Electricity to provide full wrap Engineering, Procurement & Construction (EPC) & 5 year Operations & Maintenance (O&M) services for the build, operation and maintenance of a 10 MW ac solar PV plant in Mariental, Namibia. As licensed Independent Power Producer (IPP), Greenam Electricity will feed the power produced into the Namibian grid according to a 25 year Power Purchase Agreement with NamPower.

PROJECT NAME: MULILO COCA COLA BEVERAGES ROOFTOP SOLAR PV PORTFOLIO Project submitted by: Investec Bank Ltd Country: South Africa Capacity: 10.4MW Fuel type: Solar PV Total project cost: R140million Project partners: Investec Bank Ltd, Mulilo Energy Partners, Coca Cola Beverages South Africa (Pty) Ltd, Romano Solar and Jinko Solar/Canadian Solar (PV Module Supplier).Financial close date: 22 March 2019 Commercial operations date: April 2019 Notables: Coca-Cola Beverages South Africa (“CCBSA”), Coca-Cola’s bottling partner in South Africa, is aiming to have 25% of its electricity powered by renewable sources by 2025. The Project represents the first 10% of this renewable energy target and will be rolled out nationwide through rooftop solar photovoltaic units at 11 of its sites totalling 10.4MW. It will produce roughly 18 million kWh per year and will save about 1.32 litres/kWh in water consumption from power that would have been procured from the grid. In addition the Project will realise substantial savings in electricity drawn from the grid, while cutting carbon emissions by 18,313 tonnes per year. Approximately 40 jobs were created during construction at any given time and approximately 6 will be created during operations. The Project secures electricity supply for Coca Cola mitigating against load shedding risk in South Africa. It also limits transmission losses (being consumed at the point of generation) and hence increases the energy efficiency of the bottling facility. The transaction is the biggest rooftop solar PV portfolio of its kind funded on a limited recourse basis in South Africa by Investec.



Investec Bank - Ejuva One and Two Solar Energy



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PROJECT NAME: NGODWANA ENERGY PROJECT Project submitted by: Power Africa Country: South Africa Capacity: 25MW Fuel type: Biomass Project partners: Power Africa, Nedbank, IDC and South Africa Independent Power Producer Office Financial close date: 12 April 2018 Commercial operations date: 30 June 2020 Notables: This 25 MW biomass project was financed partly by Nedbank, a Power Africa partner, with the community shareholding being financed by another Power Africa partner, the IDC. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT NAME: NXUBA WIND FARM Project submitted by: Power Africa Country: South Africa Capacity: 138.9MW Fuel type: Wind Project partners: Power Africa, Pele Green Energy and South Africa Independent Power Producer Office Financial close date: 31 July 2018 Commercial operations date: 30 June 2020 Notables: Pele Green Energy, a Power Africa Partner, co-developed this wind project with Enel and holds a 30% stake in the project. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT NAME: OYSTER BAY WIND FARM Project submitted by: Power Africa Country: South Africa Capacity: 140MW Fuel type: Wind Project partners: Power Africa, Enel Green Power, Nedbank and South Africa Independent Power Producer Office Financial close date: 31 July 2018 Commercial operations date: 30 June 2021 Notables: This 140 MW wind project developed by Enel Green Power was financed partly by Nedbank, a Power Africa partner. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT NAME: PERDEKRAAL EAST WIND FARM Project submitted by: Power Africa Country: South Africa Capacity: 107.76MW Fuel type: Wind Project partners: Power Africa, IFC and South Africa Independent Power Producer OfficeFinancial close date: 6 May 2018 Commercial operations date: 30 June 2020 Notables: This 107.76 MW wind project was financed partly by the IFC, a Power Africa partner. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.





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PROJECT NAME: ROGGEVELD WIND FARM Project submitted by: Power Africa, Covington & Burling LLP and Building Energy Country: South Africa Capacity: 147 Fuel type: Wind Total project cost: $315 million Project partners: G7 Renewable Energies (Pty) Ltd, Building Energy, H1 Holdings, PIC, Old Mutual Financial close date: April 2018 Commercial operations date: April 2021 Notables: Roggeveld achieved Financial Close with the lowest electricity tariff to ever close in South Africa for a renewable energy project. Its PPA with Eskom closed at around R0.66/kWh ($0.047/kWh or €0.042/kWh at 11 Apr 2019 exchange rates). This was made possible by G7’s optimisation of the site choice and technical layouts to maximise the project’s yield, resulting in a net capacity factor in excess of 97%

PROJECT NAME: SEBENZA SUBSTATION Project submitted by: ABB Country: South Africa Capacity: 132 kV Fuel type: Coal Total project cost: $10 million Project partners: ABB, Consolidated Power Projects (CONCO) and PSW Consulting Engineers Financial close date: 14 December 2018 Commercial operations date: 14 December 2018 Notables: The Sebenza substation features 38 bays of 132 kilovolt (kV) gas-insulated switchgear (GIS) from ABB, making it the largest installation of GIS at this voltage level to be commissioned in Africa. ABB also supplied 132 kV, 275 kV and 400 kV circuit breakers, surge arresters and point-on-wave controllers that remove electrical transients in the network.

PROJECT NAME: SIRIUS SOLAR PV PROJECT ONE Project submitted by: Power Africa Country: South Africa Capacity: 75MW Fuel type: Solar Project partners: Power Africa, Scatec Solar, Norfund, Nedbank, Standard Bank and South Africa Independent Power Producer OfficeFinancial close date: 11 April 2018Commercial operations date: 30 June 2020Notables: This 75MW solar project was developed by Scatec Solar, with financing support by Norfund, Nedbank, and Standard Bank, all three of which are Power Africa partners. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT NAME: SOETWATER WIND FARM Project submitted by: Power Africa Country: South Africa Capacity: 139.4MW Fuel type: Wind Project partners: Power Africa, Pele Green Energy, Enel Green Power, Vestas and South Africa Independent Power Producer Office Financial close date: 31 July 2018 Commercial operations date: 31 December 2021 Notables: This 139.4 MW wind project was co-developed by Pele Green Energy and Enel Green Power (among others), both of which are Power Africa partners. Turbines for the project will be provided by Power Africa partner Vestas. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.




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SOUTHERN AFRICA

PROJECT DIRECTORY

PROJECT NAME: SOLAR HYBRID PV PLANT FOR BLEOMFOINTEIN INTERNAITONAL AIRPORT Project submitted by: Power Africa Country: South Africa Capacity: 750kWp Fuel type: Solar Total project cost: $1 million Project partners: ZRW Mechanika, SMA inverter, Jinko Solar, Airports Company of South AfricaFinancial close date: 20 December 2018 Commercial operations date: 20 Decemeber 2018 Notables: Microgrid Solution with Fuel Saver control for national keypoint permitting savings from Solar power with redundancy working with the Generator as well as the grid to maximise the ROQ. Technologically very good and completed 6 months ahead of schedule and in budget.

PROJECT NAME: UPINGTON Project submitted by: Scatec Solar ASA Country: South Africa Capacity: 258MW Fuel type: Solar Total project cost: 328 million Project partners: Scatec Solar, Norfund, the surrounding Community of Upington, and H1 Holdings Financial close date: 10 April 2018 Commercial operations date: 2019 Notables: The three projects are situated on adjacent plots, 25 km outside of Upington in the Northern Cape. Scatec Solar was awarded preferred bidder status for the Upington project in the fourth bidding round under REIPPP in in 2015. Commercial operation is expected by the end of 2019.

SOUTHERN AFRICA

PROJECT DIRECTORY

PROJECT NAME: WATERLOO SOLAR PARKProject submitted by: Power Africa Country: South Africa Capacity: 75MW Fuel type: Solar Project partners: Power Africa, Nedbank, Barclays Bank and South Africa Independent Power Producer Office Financial close date: 31 July 2018 Commercial operations date: 20 November 2020 Notables: This 75MW solar project was financed partly by Nedbank and Barclays Bank, both Power Africa partners. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT NAME: WESLEY-CISKEI WIND PROJECTProject submitted by: Power Africa Country: South Africa Capacity: 32.7MW Fuel type: Wind Project partners: Power Africa, Standard Bank, Vestas and South Africa Independent Power Producer OfficeFinancial close date: 5 April 2018 Commercial operations date: 30 June 2020 Notables: This 32.7 MW wind project was financed partly by Standard Bank, a Power Africa partner. Turbines for the project will be provided by Power Africa partner Vestas. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.



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SOUTHERN AFRICA

PROJECT NAME: 2MWP SOLAR FARM HENRIETTA Project submitted by: CEB (GREEN ENERGY) CO LTD Country: Mauritius Capacity: 2MW Fuel type: Photovoltaic Energy Total project cost: $2.1 million Project partners: CEB (Green Energy) Co Ltd, Corexsolar, Solareff, Central Electricity BoardFinancial close date: 9 October 2017 Commercial operations date: 4 April 2019 Notables: The 2MWp Solar Farm is located at Henrietta, Tamarind Falls on an extent of land of 19,807 square metres. It is made up of 5900 ground-mounted, monocrystalline photovoltaic panels of 340Wp each which are connected to 17 multi-string inverters of 415V,103.75 kWac each. The Solar Farm is expected to export an annual of 3 GWh of green energy to the National grid at a medium voltage of 22 kV. The project also has a weather monitoring station and a SCADA system to ease the operation and maintenance of the Solar Farm. Real-time weather and energy production as well as detailed parameters at each level of the system are acquired and displayed by the monitoring platform which can be accessed locally or remotely. This allows for the monitoring of the performance of the system as well as the easy localization of any underperforming/faulty section in the system. The 2MWp Solar Farm is the first phase of the project with the second phase being the construction of an 8MWac Solar Farm at Henrietta, Tamarind Falls. The commercial operations date for the second phase is expected to be in the first quadrant of financial year 2020/2021.

PROJECT DIRECTORY

EAST AFRICA

PROJECT NAME: ZEERUST SOLAR PARKProject submitted by: Power Africa Country: South Africa Capacity: 75MW Fuel type: Solar Project partners: Power Africa, Nedbank, Barclays Bank and South Africa Independent Power Producer OfficeFinancial close date: 31 July 2018 Commercial operations date: 31 December 2020 Notables: This 75MW project was financed partly by Nedbank and Barclays Bank, both Power Africa partners. Power Africa provided financial and legal advisory support to the South Africa Independent Power Producer Office related to the project guarantee as well as potential funding options. Cumulatively, the latest round of Renewable Energy Independent Power Producer Program projects represent generation capacity of over 2,300 MW, a total value of $5 billion in investment that will create 61,000 jobs in South Africa.

PROJECT DIRECTORY

CEB Green Energy - Henrietta 2MWp Solar Farm

Power Africa currently is tracking over 900 projects that have the potential to add

more than 85,000 MW of power if we can help them get across the finish line.

Andrew Herscowitz, Coordinator, Power Africa



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PROJECT DIRECTORY

PROJECT NAME: ARC POWER RWANDAProject submitted by: Camco Clean Energy Country: Rwanda Capacity: 3.5MW Fuel type: Solar Total project cost: $13 million Project partners: Camco Clean Energy, ARC Power Ltd, Renewable Energy Performance Platform (managed by Camco Clean Energy) Financial close date: 18 February 2019 Notables: The first phase of an ambitious scheme to erect a large portfolio of mini-grids in Rwanda is under way thanks to a £600,000 convertible loan from the Renewable Energy Performance Platform (REPP). The early-stage funding from REPP - which is managed by Camco Clean Energy - is critical to enabling developer ARC Power Ltd to progress with its first four installations. If the initial roll-out is a success, REPP intends to follow on with a larger construction loan to complete the second and wider rollout of the project. Energy from the mini-grids will be offered on a pre-pay, pay-as-you-go basis to off-grid communities currently with no access to clean energy, and who mostly rely on more expensive and polluting sources of energy such as kerosene for lighting. The portable and modular mini-grids were developed by ARC Power and can each connect between 1000 and 600 households or businesses in a village, providing power for lighting and mobile charging, as well as TVs, radios and other appliances as additional options. The full project is forecast to create 200 jobs during construction and 40 during operation, and will provide clean electricity to nearly 150,000 people living off-grid in Rwanda.

EAST AFRICA

PROJECT DIRECTORY

PROJECT NAME: BANGWEULU SOLAR PV (SCALING SOLAR ZAMBIA) Project submitted by: Power Africa and IFC Country: Zambia Capacity: 54MW Fuel type: Solar PV Total project cost: $60 million Project partners: Neoen, First Solar, IDC Zambia, Sterling and Wilson, Shapoorji Pallonji, IFC and OPICFinancial close date: October 2017 Commercial operations date: April 2019 Notables: First utility scale Solar PV project to be commissioned in SSA (excluding SA). First Solar PV project to reach financial close and COD in Zambia. Lowest cost of Solar PV in the region (USc6 flat for 25 years) when awarded.

PROJECT NAME: BATTERY ENERGY STORAGE SYSTEMProject submitted by: Ministry of Energy and Public Utilities (Mauritius)Country: MauritiusCapacity: 2.24MWFuel type: ElectricityTotal project cost: $2.5 millionProject partners: Central Electricity Board (CEB), UNDP and GCFFinancial close date: December 2017Commercial operations date: September 2018Notables: Mauritius has an ambitious target of increasing the share of renewable energy in its electricity mix from the current level of 20% to 35% by 2025. Solar PV and wind are contributing to a great extent in achieving this target. However, given the intermittency of supply from these two sources, the grid has to be reinforced so that frequency fluctuations in electricity supply are kept within strict tolerable limits for ensuring good quality of power supply. In that regard, the CEB has already installed 2MW battery energy storage system (BESS) each at two sites, one in the north and one in the central region. The CEB will install another 14MW BESS this year. Coupled with other technical dispositions, 185MW of intermittent power can be injected in the grid which has a peak of about 490MW.

EAST AFRICA

Camco Clean Energy - ARC Power Rwanda



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PROJECT NAME: BBOXX Project submitted by: African Infrastructure Investment Managers (AIIM) Country: Kenya, Rwanda and DRC Capacity: Off-grid solar home system Fuel type: Solar PV Total project cost: $31 millionProject partners: African Infrastructure Investment Managers (AIIM), BBOXX Capital LimitedFinancial close date: 18 December 2018Commercial operations date: 18 December 2018Notables: BBOXX in Kenya, Rwanda and the DRC sells solar home system kits and accessories to rural and peri-urban households, utilizing mobile money as the key money collection tool. Customers purchase access to the solar home system, on a daily, weekly or monthly basis, using mobile money. The accessories are paid off over a 3 year period, whereafter customers pay an energy service fee to BBOXX for ongoing access to the solar home system and backup/maintenance services. BBOXX has connected over 100,000 householders in Kenya, Rwanda and the DRC, with expansion plans currently being implemented. AIIM, through it’s African Infrastructure Investment Fund 3, has invested USD31 million in the 3 countries to catalyse the expansion of the existing BBOXX businesses.

PROJECT NAME: BIOMASS PELLET TECHNOLOGY FOR EAST AFRICA Project submitted by: Efoyta Biomass Pellet Country: Ethiopia Capacity: 445MW Fuel type: Biomass Fuel Total project cost: $998,531.46 Project partners: Efoyta Biomass Pellet, Bluemoon Incubator Program, Enviromental Protection Agency, Ministry of Water and Energy of EthiopiaFinancial close date: 1 November 2019Commercial operations date: 11 May 2021Notables: For as long as we could remember things have being going bad; deforestation,population growth, energy shortage, drought, famine, global warming and so on. It’s safe to say our generation has been dealt some bad cards, luckily we’ve been also dealt technological advancements, loads of information and people that want to face the

problems head on and prevail. so this is us three friends facing the problems we see head on. Our company Efoyta pellet manufacturing S.C. is tackling problems that affects us now and for decades to come. Energy generation from waste materials is a formula that can cure the cancers of our society. We wholeheartedly believe that we can actually make a difference. so we are writing to you today so that you can be part of the difference.

PROJECT NAME: BUFFALO ENERGY ZAMBIAProject submitted by: Camco Clean Energy Country: Zambia Capacity: 100MW Fuel type: Solar, biomass, windTotal project cost: $50 millionProject partners: Camco Clean Energy, Buffalo Energy Ltd, Renewable Energy Performance Platform (managed by Camco Clean Energy)Financial close date: 23 October 2018 Notables: Buffalo Energy Zambia is a diverse portfolio of renewable energy projects with a combined generating capacity of up to 100MW. Developers Buffalo Energy Ltd was set up in 2016 to develop small-scale projects to provide low-cost electricity to the southern African country’s rural communities, most of which currently lack reliable access to modern clean energy. The company initially raised seed capital to originate several opportunities and initiate development on the six-project portfolio, which includes grid-connected, captive and off-grid schemes employing utility-scale solar PV, biomass, wind and minigrid technologies. In October 2018, they then received a convertible note from the Renewable Energy Performance Platform, managed by Camco Clean Energy. With this investment, the company can now fund a further 24 months of operations, and cover the project development expenses to bring projects to financial close. Once built, the six projects will contribute significantly to both Zambia’s energy diversification strategy, and its target of 51% energy access in rural areas by 2030 – which as of 2016 reportedly had an electrification rate of just 3%.

PROJECT DIRECTORY

EAST AFRICA

PROJECT DIRECTORY

EAST AFRICA



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PROJECT NAME: BUFULUBI Project submitted by: METKA Country: Uganda Capacity: 10MWp Fuel type: Solar Total project cost: 11,000,000 Project partners: Emerging Power Uganda Limited (EPU), a Power Purchase Agreement (PPA) with the Uganda Electricity Transmission Company Limited (UETCL) Commercial operations date: Q2 2019Notables: The 10MWp solar PV project in Bufulubi, Uganda, is owned by Emerging Power Uganda, part of the Tryba Energy Group. This complex project includes design and implementation of a grid connected, Single Axis solar tracking PV plant with associated Overhead Line (OHL) infrastructure in order to inject produced power directly into the local Grid. More specifically, our affiliate METKA EGN offered turn-key services, including design/ engineering, construction, transport, civil engineering, assembly, commissioning and start-up of a 10.020 MW DC PV solar project in Bufulubi, Uganda. The project will be connected to the existing 33KV grid via a new 7KM overhead line. Construction started in Q3 2018.

PROJECT NAME: BUJAGALI ENERGY LIMITED Country: Uganda Project submitted by: FMO, IFC, CDC Group and Covington & Burling LLP Capacity: 250MW Fuel type: Hydro Total project cost: $306.5 million Project partners: FMO, IFC, FO (as IFC-B Lender), IFC MCPP, AfDB, DEG, Proparco, Covington & Burling LLP and CDC Group. Notables: Bujagali Energy Limited (BEL) is the key source of electricity and plays a significant role in the power sector, contributing c.45% of country’s electricity. Leveraging on its deep sector knowledge and strong relationships, IFC worked with GOU and BEL to devise an innovative approach to refinance BEL’s existing debt to help the country avoid a significant increase in end user electricity tariffs. CDC invested USD 44m for the refinancing of the Bujagali 250 MW run-of-river hydropower project in Jinja, Uganda. The refinancing (together with the tax exemption provided as a condition of the refinancing) will result in a 16% decrease in the end-user tariff. This in turn should lead to a 1.3% increase in firms’ economic output and the creation of 30,000 jobs.

PROJECT NAME: CEDATE LIMITED Project submitted by: FMO Country: Kenya Capacity: 40MW Fuel type: Solar Total project cost: $72.1 million Project partners: FMO, EIB, ICCF and ASN. Financial close date: 22 March 2019

PROJECT NAME: CENTRAL TÉRMICA DE RESSANO GARCIA S.A. (CTRG) JOINT VENTURE PROJECT Project submitted by: Shearman & Sterling LLP and IFC Country: Mozambique Capacity: 175MW Fuel type: Gas fired power station Total project cost: $250 million Project partners: Shearman & Sterling LLP, John Inglis, IFC Financial close date: 2 January 2018 Commercial operations date: 27 February 2015 Notables: Sasol Limited and Electricidade de Moçambique (EDM), on all aspects of the development and financing of the Central Térmica de Ressano Garcia S.A. (CTRG) joint venture project. The CTRG project is a 175MW gas-fired IPP comprising 18 Wartsila gas engines. EDM holds a 51% stake in the project, with Sasol holding the remaining 49%. The CTRG project is the first joint venture for the sponsors and Sasol’s first international IPP. The transaction was negotiated during Mozambique’s worst economic crisis since the civil war, underpinned by deep currency depreciation, high inflation, severe foreign currency rationing and the discovery of US$1.4bn debt which led to the suspension of IMF/donor funding and the downgrade of the country’s foreign currency rating to Selective Default. Additionally, CTRG has a massive development impact for Mozambique’s power sector. The current electricity access rate is only 25%. Over 70% of the country’s electricity comes from a single hydropower plant. The plant utilizes domestic gas and solar resources and will diversify the country’s generation mix reducing reliance on hydropower and associated vulnerabilities to climate change.

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PROJECT NAME: JCM SALIMA Project submitted by: FMO Country: Malawi Capacity: 60MW Fuel type: Solar Total project cost: $76 million Project partners: JCM Power, Infraco Africa and FMO

PROJECT NAME: KIKAGATI Project submitted by: FMO Country: Uganda Capacity: 16MW Fuel type: Hydro Total project cost: $84 million Project partners: FMO (MLA), EAIF.

PROJECT NAME: KIPETO Project submitted by: IFC, Actis and Power Africa Country: Kenya Capacity: 102MW Fuel type: Wind Total project cost: $335 million Project partners: IFC, Actis, African Infrastructure Investment Managers, Africa Trade Insurance Agency, Craftskills Wind Energy International, China Machinery Engineering Corporation General Electric, Overseas Private Investment CorporationFinancial close date: December 2018Commercial operations date: December 2020Notables: The Kipeto project will be the second largest wind power project in Kenya and will supply 100MW of clean energy to the national grid. IFC was an early investor and co-developer in the project and played a critical role in negotiating the PPA, government support and financial documents to build a bankable project. Kipeto has established a community development trust, through which 5% of the wind farm’s dividends will be invested in health, education and other social projects to benefit Kajiado country residents.

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TRYBA ENERGY - Emerging Power Uganda

PROJECT NAME: DANGOTE CEMENT TANZANIAProject submitted by: Solar Turbines Country: TanzaniaCapacity: 45MWFuel type: Natural GasTotal project cost: $25 millionProject partners: Solar Turbines and Aqua Power Commercial operations date: Q4 2018Notables: Benefits to Dangote is that it provides baseload reliable dedicated power and 100% capacity utilisation 24 hours per day. It also provides quality of power without frequency/voltage fluctuations. There will be affordable power reducing power costs by half and working capital reduction with payment after 30 days. Benefits to TPDC / Upstream Gas Players is that there will be a 100% increase in gas use (for power plant and kiln). There will also be stable take or pay contract with annuity revenue and investment in Pressure Reduction Skids (PRS) from 90 Bar to 30 bar by the off-taker and 4km gas pipeline to be handed over to TPDC. In addition, there will be improved ROI for upstream gas investments. Benefits to the Community/Government is that there will be 500+ jobs created per day during construction. Investment in completing construction of local school, USD 50 million investment in new Mtwara, Increase in local council income and conversion of farmland to industrial zone.

PROJECT NAME: EMERGING POWER UGANDA Project submitted by: TRYBA ENERGY Country: Uganda Capacity: 10MW Fuel type: Solar PV Total project cost: $10 million Project partners: TRYBA Energy, Local authorities and Metka EGNFinancial close date: December 2017 Commercial operations date: February 2019 Notables: PV plant on a tracker system structure.



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PROJECT NAME: LAKE TURKANA WIND POWER (LTWP) Project submitted by: Vestas Wind Systems and Power Africa Country: Kenya Capacity: 310MW Fuel type: Wind Total project cost: $680 million Project partners: Aldwych International, KP&P Africa B.V, Norfund, Finnfund, IFU, Sandpiper and Vestas, European Investment Bank, African Development Bank, The Trade and Development Banks, East Africa Development Bank, EKF, Standard Bank of South Africa, Nedbank of South Africa, Proparco , DEG KFW Bankengruppe, Dutch development bank FMO and EU Africa Infrastructure Fund.Financial close date: November 2014 Commercial operations date: September 2018 Notables: Faced with energy deficiencies and increasing energy demands to power its growing economy, Kenya is taking a giant leap forward with the Lake Turkana Wind Power (LTWP) project, which provides around 15 percent of the country’s electricity capacity when fully operational and up to 30% at night. Located in Loiyangalani District, the wind farm is the largest of its kind in Africa and is the largest single private sector investment in Kenya’s history. Lake Turkana Wind Power not only provides Kenya with much needed green energy, but also saves the country more than EUR100 million a year in imported fuel costs and drive down overall electricity prices for Kenyan consumers and businesses, powering sustainable growth in Kenya. LTWP is owned by Aldwych International, KP&P Africa B.V, Norfund, Finnfund, IFU, Sandpiper and Vestas. LTWP is financed by a consortium of senior and subordinated lenders specifically: European Investment Bank, African Development Bank, The Trade and Development Banks, East Africa Development Bank, EKF, Standard Bank of South Africa, Nedbank of South Africa, Proparco, DEG KFW Bankengruppe, Dutch development bank FMO and EU Africa Infrastructure Fund.

PROJECT NAME: LUPONDE HYDRO POWER AND RURAL ELECTRIFICATION PROJECT Project submitted by: Power Africa Country: Tanzania Capacity: 2.9MW Fuel type: Hyrdro Total project cost: $5.9 million Project partners: Power Africa, Rural Energy Agency’s (REA), SIDA and DFID. Financial close date: April 2018 Commercial operations date: April 2019 Notables: The Luponde Hydropower project developed two adjacent hydro sites, linked together to feed a common point of interconnection with Tanzania’s public utility company (TANESCO). Power Africa provided advisory assistance through all stages of development on this project, which is part of the Rural Energy Agency’s (REA) Mini and micro-grid Results Based Financing (RBF) Program. This project received a $840,000 grant application from REA’s Mini and micro-grid Results Based Finance program funded by Swedish International Development Agency and the United Kingdom’s Department for International Development. The project will be located in Njombe district in Njombe Region in Southern Highlands Zone. The project will connect nine villages; five villages are in Luponde Ward and four are in Lungilo Ward. It is expected to result in 1,400 direct connections, and reduce GHG emissions by 6,183,409 tonnes per year.

PROJECT NAME: LUPONDE HYDROPOWER PROJECT Project submitted by: Power Africa Country: Tanzania Capacity: 2.9MW Fuel type: Hydro Total project cost: $5.9 millionProject partners: Power Africa, Rural Energy Agency’s (REA), SIDA and DFID. Financial close date: April 2018 Commercial operations date: 31 May 2019 Notables: Luponde Hydro project will comprise two adjacent hydro sites which were developed simultaneously and have a capacity of 2,900 kW and connect 1,400 customers in nine Villages. Power Africa provided advisory assistance through all stages of development on this project, which is part of REA’s Mini and Micro grid Results based Financing (RBF) Program funded by SIDA and DFID.

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Lake Turkana



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PROJECT NAME: MALINDI Project submitted by: CDC Group Country: Kenya Capacity: 40MW Fuel type: Solar PV Total project cost: $66 million Project partners: Globeleq and CDC Group Financial close date: 6 May 2019Notables: CDC committed USD 32m as Mandated Lead Arranger (MLA) for the construction of the Malindi 40MW solar PV power plant in South-East Kenya. The sponsor is Globeleq, 70% owned by CDC. The addition of 40MW of solar power to the Kenyan generation capacity supports SDG 7 which aims to ensure access to affordable, reliable, sustainable and modern energy for all. Kenya’s power consumption (166 kWh per capita) is well below the Sub-Saharan average (483 kWh).

PROJECT NAME: MCC-MALAWI PACKAGE 2B – 132/66KV & 132/33KV SUBSTATIONS (PA/MCA-MW/IDB/WKS/022/2015) PROJECTProject submitted by: CHINT Electric Co., LtdCountry: MalawiCapacity: 132/66kV & 132/33kV SubstationsFuel type: ElectricityTotal project cost: $16,218,859.68Project partners: Millennium Challenge Corporation (MCC)Financial close date: September 2018Commercial operations date: 20 September 2018

PROJECT NAME: MOCUBA Project submitted by: Scatec Solar ASA and IFC Country: Mozambique Capacity: 40MW Fuel type: Solar Total project cost: $76 million Project partners: Scatec Solar, KLP Norfund Investments and Electricidade de Mozambique (EDM)Financial close date: 6 March 2018Commercial operations date: 2019

Notables: The 40 MW plant is located close to the city of Mocuba in the Zambézia Province. The Mocuba project is the first large scale solar plant to be built in the country and represents an important step in realising Mozambique’s ambition to increase renewable power generation in its energy mix. Commercial operation is expected by the end of 2019.

PROJECT NAME: MUSONDA FALLSProject submitted by: Multiconsult Country: Zambia Capacity: 10MW Fuel type: Hydropower turbine-generators Total project cost: $42 million Project partners: ZESCO Ltd, Multiconsult UK Ltd, Sinohydro Corporation and ZESCO Ltd. Commercial operations date: 28 November 2018 Notables: Musonda Falls is an existing hydropower scheme owned by ZESCO Ltd. The scheme is located on the Luongo River approximately 56 km north of the town of Mansa in Luapula Province. The scheme was originally conceived as part of Zambia’s rural electrification programme to provide power to the township of Mansa and other small settlements in the area. The scheme was constructed in stages, the initial stage being commissioned in 1960 with an installed capacity of 2 x 1.0 MW turbine generator units. The scheme was then extended in 1971 with an additional 1 x 1.0 MW turbine generator unit, together with the construction of a large storage reservoir some 9 km upstream. A further 2 x 1.0 MW turbine generator units were added in 1974 and 1985 respectively, to give a total installed capacity of 5.0 MW. With an aging power station and growing demand, ZESCO commissioned studies on upgrading and rehabilitating this station, amongst others, which resulted in an EPC contract to expand the station.

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Multiconsult - Musonda Falls



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PROJECT NAME: NGONYE - SCALING SOLAR ZAMBIA ROUND 1 Project submitted by: Power Africa Country: Zambia Capacity: 28MW Fuel type: Solar Total project cost: $49 millionProject partners: Power Africa, Rural Energy Agency’s (REA), SIDA and DFID. Financial close date: 31 December 2018 Commercial operations date: 18 August 2019 Notables: Power Africa partner the International Finance Corporation launched the Scaling Solar Program in Zambia, which will be the country’s first grid-connected solar PV plants. Power Africa Partner Enel Green Power was one of two winning bidders with an astounding $0.0784/kWh bid to develop 28 MW of solar power. Power Africa support included assisting ZESCO Limited, the state owned electricity utility with Power Purchase Agreement negotiations and contributing $2 million to Scaling Solar-Zambia

PROJECT NAME: OFF-GRID ELECTRIC TANZANIA Project submitted by: FMO Country: Tanzania Fuel type: Off-Grid Solar Total project cost: $32.5 million Project partners: FMO – MLA, and Symbiotics. Financial close date: 1 December 2018

PROJECT NAME: PA TECHNICALProject submitted by: Trade and Development Bank Country: Uganda Capacity: 9.6MW Fuel type: Hydro Total project cost: $19.5 million Project partners: Trade and Development Bank, Flow Power and KfW Financial close date: 2017 Commercial operations date: 18 June 2018 Notables: The project was implemented on time and within budget. It has huge developmental impact through job creation, technology transfer and adding power generation in the county.

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International Finance Corporation launched the Scaling Solar Program in Zambia, which will be the

country’s first grid-connected solar PV plants.

IFCTrade and Development Bank - PA Technical



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PROJECT NAME: SALIMA SOLAR Project submitted by: JCM Power Country: Malawi Capacity: 60MWac / 75MWdc Fuel type: Solar PV Total project cost: $75 million Project partners: InfraCo Africa, FMO, Matswani Capital, JCM Power Financial close date: Q1 2019 (to discuss) Commercial operations date: Q4 2019 (to discuss) Notables: Co-developed by InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), JCM Power (JCM) and Matswani Capital, the 60MWac Salima Solar project will be Malawi’s first Independent Power Producer (IPP). The additional equity funding required to build the project has been provided by InfraCo Africa, JCM Power and FMO. As one of the country’s first commercial-scale solar plants, Salima Solar has considerable potential for replication; promoting further development of Malawi’s solar resource. By also demonstrating the effectiveness of government regulatory frameworks, the project is expected to increase investor confidence and so facilitate future private and DFI investment into Malawi’s energy sector. Construction is now underway on site and the plant is expected to begin delivering power to Malawi’s national grid in 2019.

PROJECT NAME: SELENKEI INVESTMENTS LIMITED Project submitted by: FMO Country: Kenya Capacity: 40MW Fuel type: Solar Total project cost: $75.66 million Project partners: FMO (MLA), EIB, ICCF and ASN. Financial close date: 22 March 2019

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PROJECT NAME: SINDILA SMALL HYDRO POWER PROJECT Project submitted by: Metier Sustainable Capital Country: Uganda Capacity: 5.25MW Fuel type: Hydro Total project cost: $19.4 million Project partners: Lereko Metier Sustainable Capital Fund Trust (LMSC), KMRI LLC, Fieldstone Africa Investment Resources, WK Power,OPIC, KfW (GET FiT programme), Kolektor Turboinštitut (EMEC Works), Metier Fund Investors: Transnet Retirement Fund, IFC (International Finance Corporation), PIC (Public Investment Corporation), FMO (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden), DEG (Deutsche Investitions- und Entwicklungsgesellschaft).Financial close date: 30 January 2017Commercial operations date: 18 April 2019Notables: The development and construction of the Sindila project was challenging for multiple reasons, including:(1) the remote location near Bundibugyo in Western Uganda;(2) the proximity to a national park (the weir is less than 1km from the boundary of the

Rwenzori Mountains National Park);(3) challenging terrain (the penstock descends over 400m in less than 2km, and most of the

headrace and the entire weir was constructed with access through a single track path only);

(4) very strict environmental, social and safety requirements and oversight – with the fund’s investments premised on IFC Performance Standard and with OPIC as lender and GET FiT programme oversight; and

(5) complex land ownership and social aspects.Despite the challenges, the project was ready to synchronise to the grid within the timeliness provided in the PPA, achieved the commercial operations date without the need for additional equity funding and maintained excellent environmental, social and safety records, including only 2 minor lost time injuries during the entire construction period, and the maintenance of a number of community livelihood projects.



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PROJECT NAME: SM HYDRO LIMITED Project submitted by: Power Africa Country: Uganda Capacity: 6.9MW Fuel type: Hyrdro Total project cost: $15.7 million Project partners: Power Africa, USAID, Standard Chartered Bank and TDB. Financial close date: 31 July 2018 Commercial operations date: 2021 Notables: The SM Hydro Limited project is developing a 6.9 MW run-of-river mini hydropower plant on the Muyembe River in eastern Uganda under a build, own, operate agreement. The electricity generated will be transferred to the national grid and sold to Uganda Electricity Transmission Company Limited under a 20-year PPA. Power Africa and USAID are providing a loan guarantee from Standard Chartered, a Power Africa Partner, to East and Southern Africa Trade Bank (TDB, formerly known as “PTA Bank”), which provided an $11 million facility loan to SM Hydro Ltd. for this project. The SM Hydro project reached financial close in July 2018 and is expected to be commissioned in 2021.

PROJECT NAME: SOLAR PV FARM AT SOLITUDEProject submitted by: Ministry of Energy and Public Utilities (Mauritius)Country: MauritiusCapacity: 16MWFuel type: Solar EnergyTotal project cost: $20 millionProject partners: Voltas Eco Biotech LtdFinancial close date: January 2018Commercial operations date: December 2018Notables: In 2017 the Central Electricity Board, the sole power utility in Mauritius, signed an energy supply and purchase agreement with a private company, Voltas Yellow Ltd, for the purchase of 26GWh electricity annually. The plant capacity is 16MW and is located in the northern part of the island which has a very high solar insolation. The project has a unique feature in that it is helping the sugar cane farmers to have a guaranteed annual income from their lands over a period of 20 years. These lands were previously under sugarcane cultivation, but with the falling price of sugar the farmers were facing numerous challenges to continue with sugarcane cultivation.

Metier Sustainable Capital - Sindila Small Hydro Power Project Solar PV Farm at Solitude



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PROJECT NAME: ADAM Project submitted by: METKA Country: Tunisia Capacity: 5.5 MWp - 1.5 MWh - 2.2 MW Fuel type: Hybrid: Solar, Bateries Total project cost: $26 million Project partners: METKA, ENI Tunisia Financial close date: 12 February 2019 Commercial operations date: 9 November 2019 Notables: ADAM hybrid project, involves the installation of a hybrid power plant, consistinf of PV, battery system and Energy Management System. The project is located close to Adam existing ENI Tunisia facility, fully integrated with it in order for Adam facility to have gas saving by using energy coming from renewable sources. The project’s target is to reduce fuel gas consumption up to 50% of the generator thanks to Energy from the ADAM hybrid power plant. The scope of METKA EGN includes the interconnection to the existing facilities of ENI Tunisia. Since PV plant installation shall not introduce risks of loss of production of oil & gas for the facility, the energy storage system will be installed to cover power fluctuations of the PV system due to weather variability and avoid sudden load variation on gas turbine.

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PROJECT NAME: BENBAN Project submitted by: Scatec Solar ASA and Africa50 Country: Egypt Capacity: 400MW Fuel type: Solar PV Total project cost: $450 million Project partners: Africa50, Scatec Solar and NorfundFinancial close date: October 2019First tranche (65MW) started operation on 18 April 2019 Commercial operations date: End of 2019 Notables: The project entails the construction and operation of six photovoltaic power plants, developed under the second round of the Egyptian Feed-in Tariff Programme (FiT). They are amongst the first utility scale projects using bifacial modules which allow to produce electricity from both sides of the panels. They are also the largest contributor to the wider Benban programme, which is the largest solar park in the world , consisting of 30 plants with a combined capacity of around 1.5 GW. The partners have entered into a 25-year Power Purchase Agreements with the state-owned Egyptian Electricity Transmission Company for delivery of electricity produced by the plants. The estimated annual 870 GWh of electricity produced from the plants will avoid about 350,000 tons of CO2 emissions per year and provide energy for more than 420,000 households.

The estimated annual 870 GWh of electricity produced from the plants will avoid about 350,000 tons of CO2 emissions per year and provide energy

for more than 420,000 households.

Africa50 - Benban

Scatec Solar ASA - Benban



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PROJECT NAME: EGYPT NUCLEAR PROGRAM Project submitted by: Shearman & Sterling LLP Country: Egypt Capacity: 4800MW Fuel type: Nuclear Total project cost: Not disclosed – multi-billion Project partners: Shearman & Sterling LLP, George Borovas, Nicholas Buckworth, Iain Elder, Marwan Elaraby, Etienne Gelencser, Mohamed Shelbaya, Patrick Clancy Financial close date: 11 December 2017 Commercial operations date: Construction is just starting so no operations yet Notables: The Egyptian government on the development of the El Dabaa nuclear power plant consisting of four reactor units, with a total capacity of 4800MW. Shearman & Sterling advised on all aspects of the program, including supporting the negotiations relating to the financing arrangements as well as the contracts for the construction, nuclear fuel, operations and management, and spent nuclear fuel storage, each of which have unique aspects and are nuclear industry firsts.This project is the first ever nuclear power project in Egypt and represents the largest transaction in the history of the nuclear industry.

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PROJECT NAME: EGYPT SOLAR FIT - NUBIAN SUNS PROGRAM Project submitted by: IFC Country: Egypt Capacity: 750MW Fuel type: Solar Total project cost: $820 million Project partners: IFC, Asian Infrastructure Investment Bank, African Development Bank, CDC, Finnfund, Oesterreichische Entwicklungsbank, Industrial and Commercial Bank of China, Europe Arab Bank, Arab Bank and Finance in Motion/Green for Growth Fund , Acciona Energia (Spain), Swicorp (KSA-Bahrain), TBEA SunOasis (China), Alcazar Energy Partners (UAE), Nile Capital (Egypt), SECI-Enerray (Maccaferri Group, Italy), Desert Technologies (KSA), Al Bilal Group (Iraq), Al Tawakol Group (Egypt), Tech PD (UAE), Phoenix Energy (Lebanon), Infinity Solar (Egypt), Ib Voght (Germany), BPE Partners (Egypt), Shapoorji Pallonji Group (India), TAQA Arabia (Egypt), Hassan Allam (Egypt).Financial close date: 29 October 2017 Commercial operations date: 26 March 2019 Notables: IFC spearheaded the financing package for the Nubian Suns program, financing 750 MW of solar PV projects in the Benban Solar Park which has an aggregate capacity of 1,650 MW, making it the largest solar installation in the world. The World Bank supported reforms to Egypt’s electricity sector and provided the country with a $3 billion loan. MIGA is providing $210 million worth of political risk insurance to private lenders and investors involved in the solar park.

PROJECT NAME: HYBRID POWER PLANT IN KIFFA Project submitted by: Anglo Belgian Corporation (ABC) Country: Mauritania Capacity: 6.3MW Fuel type: HFO / PV Total project cost: $16 million Project partners: AfD, UE and the Mauritanian State, ABC and Vergnet.Financial close date: 15 May 2018 Commercial operations date: 6 April 2018 Notables: Hybrid Power Plant in Kiffa (second largest city in Mauritania).Turnkey Project of 6,3MW: - 5MW HFO (with four ABC engines)- 1,3MWp (4320 solar panels). Stable energy, less CO2 and now more and more residents have access to more reliable energy, which changes their everyday lives!

IFC - Egypt Solar FiT - Nubian Suns Program



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PROJECT NAME: KHALLADI WINDFARMProject submitted by: VESTAS Wind Power Systems Country: Morocco (Tangiers)Capacity: 120MWFuel type: WindTotal project cost: $170 millionProject partners: VESTAS Wind Power Systems, ACWA Power and ARIF, European Bank for Reconstruction and Development (EBRD), Clean Technology Fund (CTF) and Moroccan BMCE Bank of Africa (BMCE). Commercial operations date: 1 July 2018Notables: The wind farm, developed by ACWA Power in collaboration with ARIF investment fund, and located at Jbel Sendouq, 30 km from Tangiers. The 370 GWh of energy that the plant will produce and supply annually to industrial companies is equivalent to a yearly average consumption of a city of 400,000 people and will contribute to the reduction of more than 144,000 tons of CO2 emissions per year. With renewable energy playing an important role in the overall development of countries in Africa, including Morocco, the Khalladi project contributes for Morocco to achieve the 2020 target of increasing renewables energy component of the energy mix to 42% and as part of this ambition to develop 2,000 MW of wind capacity all by 2020.

PROJECT NAME: SAFI Project submitted by: ENGIE Africa Country: Morocco Capacity: 1386MW Fuel type: Coal Total project cost: $2.4 billion Project partners: ENGIE, Nareva, MitsuiFinancial close date: 30 September 2014Commercial operations date: 8 December 2018Notables: Equipped with 2 units totalling 1386 MW of installed capacity, the Safi plant will meet up to 25% of the national electricity demand and represents 15% of the installed capacity in Morocco.For Africa it is the first USC (Ultra-super-critical) plant, meaning “clean coal”. This signifies that steam temperature and pressure are higher than in older power plants and allows for a higher conversion efficiency between coal and electricity. This is an important upside for the economics of the project and for its environmental footprint which is much lower, particularly in terms of CO2 emissions.

CENTRAL AFRICA

PROJECT DIRECTORY

PROJECT NAME: 30 MW LOGBABA NATURAL GAS POWER PLANT - EXTENSION Project submitted by: Altaaqa Global Energy Services Country: Cameroon Capacity: 30MW Fuel type: Natural Gas Total project cost: Confidential Project partners: Altaaqa Global Energy Services Financial close date: December 2018 Commercial operations date: December 2018 Notables: We provided 30 MW of power to the residents of Douala, Cameroon in time for Christmas 2018. We were able to swiftly commission and start operating the plant within only 1 week from when we received the request from Cameroon’s energy ministry. Our power plant in Logbaba, running on natural gas, contributes to Cameroon’s initiatives of harnessing and employing more environmentally friendly sources of energy. Our power plant conforms to global environmental guidelines, and have been certified energy efficient according to ISO standards. Through our power plant, we offer training and career opportunities to local Cameroonian technicians and professionals. We provide them classroom and hands-on formation and hire them to operate our plant in collaboration with our in-house engineers and technicians. We give them access to continuous specialized education on safety, operation and service of power plants. We also provide business to local companies within the community as we hire them to provide supporting services.

Altaaqa - 30 MW Logbaba Natural Gas Power Plant - Extension



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PROJECT NAME: DRC FRIPT PROJECT Project submitted by: ABB Country: Democratic Republic of Congo Capacity: 1000MW Fuel type: Hydro Total project cost: $31.2 million Project partners: ABB, Société Nationale d’Électricité and Glencore Financial close date: 29 December 2018 Commercial operations date: 10 January 2019 Notables: ABB was able to provide a 36-month equipment warranty from delivery or a 24-month in operation warranty, whichever comes first. With a warranty bond of 5% during the warranty period.

PROJECT NAME: NACHTIGAL Project submitted by: FMO, IFC, Africa50, Power Africa, CDC Group and STOA Country: Cameroon Capacity: 420MW Total project cost: €1.2 billion Project partners: Africa50, Government of Cameroon, IFC, EDF and STOA. Financial close date: December 2019 Commercial operations date: 2023 Notables: The project entails the construction and operation of a 420 MW hydropower plant on the Sanaga river near Nachtigal Falls, 65 kilometers from Yaoundé, as well as a 50 kilometer transmission line to Nyom. It will be operated under a 35-year concession. Considered as a national priority, Nachtigal is part of Cameroon’s development plan to enhance both the reliability of the energy sector and access to power. The plant will produce an average of close to 3,000 GWh per annum, covering 30% of the country’s energy needs. The power produced will be sold to the national utility company at a competitive price, thereby benefitting the Cameroonian consumers and boosting the economic and industrial development of the country. The project will have a substantial development impact, creating up to 1,500 direct jobs during construction (65% locally sourced), and many permanent jobs upon completion in 2023.

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PROJECT DIRECTORY

PROJECT NAME: VIRUNGA CORPORATE Project submitted by: Camco Clean Energy Country: Burundi, Kenya, Tanzania, Zambia. Capacity: 100MW Fuel type: Run-of-river hydroelectric power Total project cost: $340 million Project partners: Camco Clean Energy, Virunga Power Renewable Energy Performance Platform (managed by Camco Clean Energy) ElectriFIFinancial close date: 13 December 2018 Notables: Ambitious plans to develop a portfolio of hydroelectric power and rural distribution projects in East and Southern Africa - which will provide improved energy access for nearly 3 million people when fully completed - have been given a helping hand in the form of a US$2.5m convertible loan from REPP. Virunga Power had been raising investment to fund corporate expansion and project development expenses after building up an advanced pipeline of run-of-river projects in Burundi, Kenya, Tanzania and Zambia. The company employs a unique “grid-as-anchor” approach to rural electrification by combining MW-scale, contracted generation with thousands of new household connections to surrounding communities through grid-connected mini-grids. REPP committed the loan during the company’s US$5m Series A corporate financing round in December 2018, with the EC-supported Electrification Financing Initiative (ElectriFI) providing the other $2.5m. The funds will enable Virunga Power to deliver on its project pipeline and pay for a number of new hires with specialised expertise in building and managing small hydro and rural utility projects. This is not the first time REPP has supported Virunga Power. In June 2017 REPP committed US$751,000 in development capital for a pair of run-of-river hydropower plants in Kenya.

Camco Clean Energy - Virunga Corporate

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Partner success as Power Africa help advance energy access in sub-Saharan Africa“Power Africa has helped 120 electricity projects reach financial close over the past five years. These projects are worth more than $20 billion and represent over 10,000 MW of new power generation on the continent. Power Africa is the largest public private partnership in development history.

Our success demonstrates the power and the ability of 12 U.S. Government agencies, 153 private sector partners, and 18 bilateral and multilateral development partners to advance energy access in sub-Saharan Africa. This partnership is focused on linking public and private sector goals and resources with investors and entrepreneurs to expand business opportunities in the African energy markets.

We provide technical experts and tools to help the private sector and African government partners advance and “unstick” energy sector deals. Power Africa currently is tracking over 900 projects that have the potential to add more than 85,000 MW of power if we can help them get across the finish line. Power Africa will continue to work with its partners to remove barriers for investment and to strengthen financial and regulatory frameworks that support power delivery in sub-Saharan Africa.”

Andrew Herscowitz, Coordinator, Power Africa

Energy. In One Place. africa-energy-forum.com

Documents

Projects. In one place. · 6/14/2019 · PROJECT ANNOUNCEMENTS BOOKLET PROJECT ANNOUNCEMENTS BOOKLET Dear Friends, For the very first time, this year’s Africa Energy Forum (aef)